Barnett Bank of South Florida, National Association in Miami, Florida (FL)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 29, 1996

  • Barnett Bank of South Florida, National Association in Miami, Florida (FL)
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Barnett Bank of South Florida, National Association - Overview

  • General
  • FDIC Certificate #: 3577
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Barnett Bank, National Association (#3566)
    Federal Reserve ID: 704036
    Date Established: November 06, 1933
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 50 (Interstate: No)
    FDIC's unique #: 2268
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 29, 1996
    Last Structure Change Process Date: July 11, 1996
    Last Data Update: September 18, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 701 Brickell Avenue, Miami, FL 33131
    County: Miami-Dade
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: South Florida
    Office of the Comptroller the Currency (OCC) District: Southwest
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Miami, FL (#5000)
    Consolidated Metropolitan Statistical Area (CMSA): Miami-Fort Lauderdale, FL (#56)
    Core Based Statistical Area (CBSA): Miami-Fort Lauderdale-Pompano Beach, FL (#33100)
    CBSA Metro Statistical Area: Miami-Fort Lauderdale-Pompano Beach, FL (#33100)
    Core Based Statistical Division: Miami-Miami Beach-Kendall, FL (#33124)
  • History of Changes
  • Merger - Without Assistance
  • Financial Summary
  • Total assets: $4,940.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $977Total assets
  • $4,957,791Cash and due from depository institutions
  • $549,520Interest-bearing balances
  • $0Securities
  • $1,088,721Federal funds sold & reverse repurchase agreements
  • $60,000Net loans & leases
  • $2,994,680Loan loss allowance
  • $45,732Trading account assets
  • $9Bank premises and fixed assets
  • $51,876Other real estate owned
  • $4,267Goodwill and other intangibles
  • $173,217Life insurance assets
  • $35,501All other assets
  • $0Total liabilities and capital
  • $4,957,791Total liabilities
  • $4,603,478Total deposits
  • $4,074,497Interest-bearing deposits
  • $3,140,622Deposits held in domestic offices
  • 4074497.00%% insured (estimated)
  • $78Federal funds purchased & repurchase agreements
  • $355,480Trading liabilities
  • $9Other borrowed funds
  • $13,850Subordinated debt
  • $27,900All other liabilities
  • $131,742Total equity capital
  • $131,742Total bank equity capital
  • $354,313Perpetual preferred stock
  • $0Common stock
  • $2,800Surplus
  • $181,840Undivided profits
  • Memoranda
  • $169,673Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $17,252Income earned, not collected on loans
  • $20,080Earning assets
  • $4,143,401Long-term assets (5+ years)
  • $814,251Average Assets, year-to-date
  • $5,072,420Average Assets, quarterly
  • $4,990,045Volatile liabilities
  • $990,983Insider loans
  • $5,985FHLB advances
  • $0Loans and leases held for sale
  • $26,249Unused loan commitments
  • $1,947,370Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $311,030Total risk weighted assets
  • $3,225,944Total unused commitments
  • $0Restructured Loans and leases
  • $304,895Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $344,036Total interest expense
  • $142,218Net interest income
  • $201,818Provision for loan and lease losses
  • $13,953Total noninterest income
  • $56,990Fiduciary activities
  • $0Service charges on deposit accounts
  • $32,767Trading account gains & fees
  • $970Additional noninterest income
  • $23,253Total noninterest expense
  • $140,321Salaries and employee benefits
  • $37,025Premises and equipment expense
  • $17,134Additional noninterest expense
  • $86,162Pre-tax net operating income
  • $104,534Securities gains (losses)
  • $10Applicable income taxes
  • $36,587Income before extraordinary items
  • $67,957Extraordinary gains - net
  • $0Net income attributable to bank
  • $67,957Net charge-offs
  • $15,276Cash dividends
  • $112,000Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.94%Cost of funding earning assets
  • 3.28%Net interest margin
  • 4.66%Noninterest income to earning assets
  • 1.32%Noninterest expense to earning assets
  • 3.24%Net operating income to assets
  • 1.34%Return on assets (ROA)
  • 1.34%Pretax return on assets
  • 2.06%Return on equity (ROE)
  • 19.28%Retained earnings to average equity (YTD only)
  • -12.50%Net charge-offs to loans
  • 0.52%Credit loss provision to net charge-offs
  • 91.34%Efficiency ratio
  • 53,136Assets per employee
  • 5.07%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 164.81%Loss allowance to loans
  • 1.50%Loss allowance to noncurrent loans
  • 265.08%Noncurrent assets plus other real estate owned to assets
  • 0.43%Noncurrent loans to loans
  • 0.57%Net loans and leases to deposits
  • 73.50%Net loans and leases to core deposits
  • 86.76%Equity capital to assets
  • 7.15%Core capital (leverage) ratio
  • 6.28%Tier 1 risk-based capital ratio
  • 9.64%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $5,072,420Average earning assets
  • $352,473Average equity
  • $4,331,167Average loans

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